On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.The fund does not directly buy and hold NFTs to store in wallets. Instead, it tracks an … [Read more...] about First NFT-focused ETF lists on NYSE Arca
Arca
Crypto Investment Firm Arca Launches $30M Fund Dedicated to NFTs
Asset management firm Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT), according to a new regulatory filing.Arca, which had a total of $500 million in assets under management as of the third quarter, began accepting investments in the Arca NFT Fund on Nov. 15 and has so far raised $11.4 million from 68 inventors toward its total $30 million goal.Arca … [Read more...] about Crypto Investment Firm Arca Launches $30M Fund Dedicated to NFTs